NZDUSD consolidates before falling 2.2%
NZDUSD is consolidating for further decline. Buyers may not hold the level of 0.5588. The strong dollar, which continues to grow, has a negative impact. The fundamental background for the currency pair is also negative.
Scenario: The price is consolidating near the key support at 0.5588. But there are no signs of trend reversal, therefore, the only possible movement in our case is a breakdown of support and further decline
Scenario: The price is consolidating near the key support at 0.5588. But there are no signs of trend reversal, therefore, the only possible movement in our case is a breakdown of support and further decline
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